STAFF WRITER
Five candidates have been shortlisted for the Zimbabwe Stock Exchange (ZSE) chief executive post, Business Times has learnt.
The five candidates are mostly made up of people in the diaspora.
The search for a new CEO comes as the local exchange finally resolved its issues with former chief executive Alban Chirume, who until recently had tried to get the markets regulator, the Securities and Exchange Commission to reverse his sacking.
ZSE chairperson Caroline Sandura confirmed to Business Times that five candidates have since been shortlisted and a human resources committee to set the day for interviews has been penciled for next week Tuesday.
“We have delayed picking the successful candidate because some of them are out of the country and trying to arrange interviews has been a challenge.”
ZSE has been without a chief executive since last year, when Chirume was initially sent on forced leave and subsequently suspended him after laying various charges including un-procedural and unethical conduct allegedly committed by him over a period of time.
Martin Matanda, the operations manager, has been acting since.
Sandura said the exchange had reached an amicable agreement with the former chief executive. “Chirume’s issue is a thing of the past now and we reached an amicable agreement,” said Sandura.
Market participants are agreed that Chirume’s replacement needs to have had exposure to a well-run foreign bourse. There is a lot of work to do especially in a sector in which the bars for innovation and customer expectations keep rising and faces a lot of listing and delisting decisions as companies seek better listing benefits.
